N.Y. Public Authorities Law § 1837: Legislative findings

§ 1837. Legislative findings. The legislature hereby finds that one of

the major concerns of the existing economy is the limited access to

financing assistance of businesses and services that support or

facilitate employment and economic development, but are not themselves

directly involved in manufacturing or industrial production.

It is the purpose of this subtitle to encourage the development of

community development projects that promote and enhance economic

development by providing loans and loan guarantees at a reasonable cost.